Examples of Terms of Merger in a sentence
Calculation method of the Exchange Ratio” in the Terms of Merger (as attached to this Circular) for the calculation method of the exchange ratio.
The merger is accounted using the book value method of accounting, whereby the acquiring company (being the Company) recognises the assets acquired and liabilities assumed at the carrying amounts in the separate financial statements as of the date of the legal merger, on the accounting date of as stipulated in the Draft Terms of Merger.
Their current transcription is attached to these Terms of Merger as Annex I.
Pursuant to the provisions of paragraph 2 of Article 34.1 of the Law on Structural Changes, the Boards of Directors of Unicaja Banco and Liberbank will apply to the Trade Register of Malaga (where the absorbing company is registered) for the appointment of an independent expert to prepare a single report on these Draft Terms of Merger, with the scope set in Article 34.3 of the mentioned Law.
Thus: o BBVA will not increase its share capital, and consequently no provision has to be included in the Terms of Merger with respect to the 2nd and 6th references of article 31 of Act 3/2009, regarding the Absorbed Company's share exchange ratio and procedures, and the date as of which the new shares will entitle holders to take a share in the corporate earnings (provided there are no new shares).
Pursuant to section 237(15) of the Cayman Companies Act, the Cayman Plan of Merger (together with these Draft Terms of Merger which shall be appended thereto) shall be registered with the Cayman Islands Registrar of Companies.
In compliance with the obligations set forth by Article 32 of the Law on Structural Changes, these Draft Terms of Merger will be posted on the websites of Unicaja Banco and Liberbank.
The Common Terms of Merger were filed at the Madrid Mercantile Register on 22 June 2017.
The Draft Merger Agreement is attached as an inseparable part of this Draft Terms of Merger as Annex 4, which is set out in a separate sheet.
The steps involved will depend on the type of merger being considered; however, common to all is the requirement that the companies involved agree a Common Draft Terms of Merger.